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495 S Milledge Avenue Athens, GA $ 2,420,000
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$ 2,420,000 Get more info
495 S Milledge Avenue
$ 2,420,000
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495 S Milledge Avenue

Athens, GA, 30605
$ 2,420,000
Bedrooms22 Baths17.4 Sq 11,052

Monthly Estimate*

$ 14,900

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Multi-Family Home for sale in Athens, GA

for $2,420,000 with 22 bedrooms and 17 full baths, 4 half baths. This 11,052 square foot home was built in 1953 on a lot size of 0.83.

Athens Real Estate Group is please to offer the exclusive listing of the Gran Ellen Apartment complex in heart of Athens, GA. Located at the corner of S. Milledge Avenue and Baxter Street, notably one of the most prominent intersections in and around the UGA Campus, this 17 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (4) 2 bed/1.5 bath units, (1) 2 bed/1 bath unit, and (12) 1 bed/1bath units that all offer a history of high occupancy with all but two units, which need significant rehab, currently being tenant unoccupied. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. Please see Agent remarks for tour, contact, and offer information or email joshc@athensreg.com.

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Multi-Family Active

Price

$ 2,420,000

Bedrooms

22

Full Bath

17

Half Bath

4

Property Type

Multi-Family

Taxes

$ 21,462

Style

Multi Family

Lot Size

0.83

Year Built

1953

Town/City

Athens

County/Region

Clarke

MLS | Web ID

CL351579
Features
General
Living Area 11052.0
Heating Baseboard Central Electric Gas
Cooling Central Air Electric
Utilities Underground Utilities
Possession Close Of Escrow See Remarks
Roof Asphalt Composition
Appliances Some Gas Appliances Gas Water Heater Oven Range Refrigerator
Zoning C-O
Construction Materials Brick
Year Built 1953
Electric 110 Volts 220 Volts
Property Subtype Multi Family
Tax Year 2025
Taxes 21462
Parcel Number 171C1-E-013
County Clarke
New Construction N
Property Type Residential Income
In City Limits? (Y/N) N
HOA N
Attached Garage N
Garage Y/N N
Full Baths 17
Status Active
Directions From Atlanta Highway (Broad Street) take Milledge Avenue South toward Baxter Street. Apartment complex is on the left at the intersection of Baxter and S. Milledge. Parking is in the REAR accessed o
City Athens
Zoning Description Multi Family
Number Of Units Total 10
Lot Size Units Acres
Lot Size Square Feet 36155.0
Carport Y/N N
HOA Fee 2 Frequency Monthly
Property Attached Y/N Y
Land Lease Y/N N
Showing Instructions Appointment-Agent See Agent Remarks Special Hours Special Notice
Home Warranty Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Ownership Type Investor
Expected Active Date 2026-03-03
Legal Description 495 S MILLEDGE AVE
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Interior
Basement None
Flooring Tile Vinyl
Total Stories 2
Common Walls 2+ Common Walls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 4
Laundry Features None
Total Bedrooms 22
Attic Features None
Main Level Bathrooms 0
Total Baths 21
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Exterior
Parking Features Garage Off Street Parking Lot Rear/Side/Off Street
Lot Features Corner Lot Historic District
Water Source Public
Lot Size Area 0.83
Foundation Details Concrete Perimeter Slab
Number of Buildings 2
Spa N
Lot Size Acres 0.83
Road Surface Type Asphalt Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Number of Pads 24
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Internal Only
Street Number 1 495
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* Excluded Features
List By
Joshua Chandler

Listing Agent

Athens Real Estate Group, Llc

Broker

joshc@athensrealestategroup.com

Email

Affordability Calculator

$16,689
Per Month
89%
11%
0%
Monthly Principal & Interest
$14,900
Monthly Property Taxes
$1,789
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/21/2026$2,420,000 Listed Price

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495 S Milledge Avenue, Athens, GA, 30605 is a Multi-Family Home for sale at $2,420,000 with 11,052 sqft and a lot size of 0.83. 495 S Milledge Avenue has 22 bedrooms, 17.4 baths, and was built in 1953. The property's zip code is 30605 which is in Athens, GA

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